Sunday, July 19, 2015

Dr. Paul Craig Roberts -- Lost Chance In Greece

Syriza turned its back to the opportunity to save
Greece by removing the country from the EU.The cost of this failure goes far
beyond Greece and is political as well as economic. Syriza’s failure threatens
the sovereignty of EU member states as well as their social welfare systems.
More importantly, an opportunity to avoid World War III by unraveling NATO was
thrown away.

The collapse of Syriza one week after receiving the
strong support of the Greek people in the referendum vote awaits explanation. I
doubt Syriza would have stood up to the pressure as long as it did if the prime
minister intended to join previous Greek governments in selling out the people.
It makes no sense for Syriza to sell out on the heels of a referendum victory
that greatly strengthened its position in its confrontation with the Troika,
especially with one member of the Troika, the IMF, expressing doubts about the
Troika’s hardline position. Possibly threats were issued that neutered the
voice of the Greek people.